MicroStrategy Adds 155 Bitcoin, Treasury Nears 629,000 Tokens on Fifth Anniversary

MicroStrategy Inc. disclosed in a regulatory filing that it bought 155 Bitcoin between Aug. 4 and Aug. 10 for about $18 million, paying an average $116,401 per token. Executive Chairman Michael Saylor said the acquisition lifts the business-intelligence company’s treasury to 628,946 BTC, the largest corporate stash in the world and equivalent to almost 3 percent of the cryptocurrency’s expected eventual supply.

The move coincides with the fifth anniversary of MicroStrategy’s decision to adopt Bitcoin as its primary reserve asset. Since purchasing its first 21,454 BTC for $250 million on Aug. 11, 2020, the firm has spent roughly $46.09 billion amassing the position. At a market price near $120,000, the holdings are valued at about $75 billion—an unrealised gain of nearly $29 billion and a 25 percent year-to-date return. MicroStrategy funded the latest purchase by selling 115,169 shares under its at-the-market program, leaving more than $47 billion of issuance capacity for future Bitcoin buys.

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